Rexford Industrial Acquires Development Site In Santa Fe Springs For $34M
SOLD
$34,000,000
California
See Similar DealsDevelopment Site
Sold 06/30/2022
SOLD
Rexford Industrial Acquires Development Site In Santa Fe Springs For $34M
13711 Freeway Drive, Santa Fe Springs, California 90670, United States
See Similar DealsDevelopment Site
Sold 06/30/2022
Summary
CALIFORNIA
Asset Type:Development Site
Transaction Type:Sale
A development site located at 13711 Freeway Drive in Santa Fe Springs has been sold for a price of $34,000,000. The property spans 5.0 acres and is situated in the Santa Fe Springs market. The transaction took place on June 30, 2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $34,000,000
- Address: 13711 Freeway Drive
- Market: Santa Fe Springs
- Acres: 5.0
Rexford Industrial, represented by Patrick Schlehuber, acquired the development site. The purchasing process was facilitated by Jordan Lara from DAUM Commercial Real Estate Services.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,813,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$120,794.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$161,177.35
Annual Debt Service$1,934,128.15
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